en.Wedoany.com Reported - The 20 MW Lukanaaro Solar Park in Utajärvi, Finland, recently commenced commercial operation, becoming the first project to do so under the EU Renewable Energy Financing Mechanism. With a total investment of 10 million euros, the project received a 2.35 million euro grant from Luxembourg, exemplifying the EU cross-border financing cooperation model among member states.

The power plant is equipped with 30,000 solar panels, making it the largest photovoltaic facility to date in northern Finland. It is expected to cover 4% of the annual electricity consumption in its region. The European Climate, Infrastructure and Environment Executive Agency noted that this project will provide crucial operational data on the impact of snow, ice, and low temperatures on energy production for utility-scale solar operations in northern climate conditions.

Launched in 2021, the EU Renewable Energy Financing Mechanism allows member states to voluntarily contribute funds to support renewable energy projects in other member states. Contributing countries can count the electricity generated by these projects towards their own national renewable energy targets. The Lukanaaro project is the first operational project in Finland to be included under this mechanism.

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